Bauer Financial issues Q1 credit union ratings - New Mexico Business Weekly:

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The company uses federal regulatory data to rate credit unions based oncapital profit/loss trend, delinquent loans and otherr factors. Bauer's rating ranks from a high of 5 stars to a low of 0 Of the 10 largest Soutjh Florida credit unionsby assets, six maintainedx a five-star (superior) rating: IBM Southeasft Employees Credit Union and Brightstar Credit Union held on to theie four stars (excellent) in the firsty quarter. They had been downgraded from five stars in thethirdx quarter. Priority One Credift Union in Sunrise fell from to threer stars from four stars in the firsty quarterwith 69.9 million in assets, 1.6 percent of whicb were nonperforming.
, South Florida’s second-largesy credit union with $738 million in assets, held on to its threee stars in the first It was downgraded to threestarse (adequate) from four starzs in the fourth quarter. The Pembroke Pines-basedr credit union counted 1.74 percent of its assets as First Choice in West Palm Beach also hadthred stars. , the largest in South Florida with $1.6q billion in assets, remained the only credit union in the statew rated zero starsby Bauer. The Miramar-baseds credit union counted 8.6 percent of its assetsz as nonperforming.
It was placed into conservatorship by Floridq regulators on April 24 after heavy losses and the ousted its Space Coast Credit Union has shown an in acquiring Eastern Financial.